Talend SA (TLND) Receives a Buy from Needham

By Jason Carr

In a report released yesterday, Jack Andrews from Needham reiterated a Buy rating on Talend SA (TLNDResearch Report), with a price target of $65.00. The company’s shares closed last Monday at $37.31.

According to TipRanks.com, Andrews is a 5-star analyst with an average return of 17.8% and a 60.8% success rate. Andrews covers the Technology sector, focusing on stocks such as Pivotal Software, ServiceNow, and New Relic.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Talend SA with a $60.50 average price target.

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Based on Talend SA’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $13.24 million. In comparison, last year the company had a GAAP net loss of $9.26 million.

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Talend SA engages in the provision of big data and cloud integration solutions. Its products include data, cloud, application program interface, and application integration; data governance; talend data fabric; and free and open source. It offers technical support, consulting, and training services.